Asian markets sink after dovish Fed minutes
Aug 20, 2015 04:13 am UTC| Commentary
Asian markets traded with sizeable losses on Thursday after minutes from the Federal Reserves late July meeting took investors by surprise, with the policy committee suggesting weak inflation could hold them back from...
CNY weakening to effect Korean exports?
Aug 20, 2015 04:08 am UTC| Commentary
The KRW has depreciated by 2% against the USD and appreciated by 0.9% against CNY. Whether the CNY devaluation will hurt total Korean exports like the JPY depreciation did is uncertain, because China is Koreas largest...
Daily Economic Outlook: 20th August, 2015
Aug 20, 2015 04:07 am UTC| Commentary
US data this afternoon include July existing home sales and the Conference Boards leading index. But the highlight will be the Philadelphia Feds business outlook survey for August. The Empire manufacturing survey for...
Policy makers broadly accept China Yuan Reminbi devaluation
Aug 20, 2015 04:00 am UTC| Commentary
Regarding the market impact on different Reminbi asset classes, generally all should retrace toward the levels before the change, however, they will not fully return totheir previous levels. The implied volatilities, risk...
Chinese Yuan weakening adds to regional depreciation pressure
Aug 20, 2015 03:48 am UTC| Commentary
China shocked the world by changing the CNY fixing mechanism unexpectedly, and the entire market tumbled, especially EMs. CNY/CNH itselfrecorded the steepest drop in both fixing and spot since 1994. The key improvement...
Russia's economic growth indicators signal extended recession
Aug 20, 2015 03:43 am UTC| Commentary Economy
Russia growth indicators for July deteriorated further. In particular, real wages declined 9.2% y/y from an unrevised -7.2% and revised -8.6% in June and investment fell 8.5% y/y from -7.1% in June. Retail sales,...
Conditions for Fed liftoff “approaching”
Aug 20, 2015 03:38 am UTC| Commentary
At the July meeting, many Fed participants felt confident that hike would be supported by sustained growth and further improvements in the labor market. However, some participants said that the incoming information had...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects